One of the best pieces of advice we can give to anyone starting mobile home investing is this:
Know the difference between mobile homes and manufactured homes, because their resale values are very different.
Here are 3 key differences between mobile homes and manufactured homes:
1. Difference #1: The year they were built
In 1976, the U.S. Department of Housing and Urban Development (HUD) put in strict guidelines and regulations for factory-built homes.
Mobile homes were built before 1976.
And you can identify them by their metal siding and flat or slightly pitched roofs.
Manufactured homes were built after 1976.
You can identify them by their wood or vinyl siding and standard pitched roofs.
2. Difference #2: Demand
We can’t speak for all markets but based on our experience the demand for manufactured homes is higher than mobile homes.
Manufactured homes are:
- Modern design
- More like a stick-built home
People with large or growing families tend to prefer manufactured homes because they can grow into them.
3. Difference #3: Financing
Outside of individual investors, financing for mobile homes is non-existent.
Most lenders will only lend on manufactured homes, and they’re actually looking for homes built no more than 25 years ago.
This is a huge opportunity for you because you can go out there and help so many people who need a mobile or manufactured home.
And you’ll do this by acting as a bank and letting them make payments on the home.
If you’d like to know more about identifying opportunities where you can make outsized profits by serving people and solving problems…
Join our 90-day TCA Accelerator Program
You’ll be working with our experienced coaches, all of whom are active mobile home investors.
They’re out there in the field every day.
So, you can be sure everything you learn from us about mobile home investing works today, right now.
Beyond that, you’ll have access to the 300+ mobile home investors in our community, all of whom are ready to cheer you on and support you on your journey.
Our coaching’s amazing but our community is where the real money is made, because of the relationships people build inside.
But before you join, we recommend you watch our free case study.
It’s about a student of ours who made a $10,000 profit in 48 hours selling a used mobile home.
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Whenever you’re ready here’s how we can help
- Just getting started? Join our free Facebook group, Mobile Home Investing For Beginners.
- Ready to join our community and accelerate your growth? Apply to join our Accelerator Program.